International Business Machines Corporation (NYSE:IBM) declared a quarterly dividend on Tuesday, October 31st, RTT News reports. Shareholders of record on Friday, November 10th will be given a dividend of 1.50 per share by the technology company on Saturday, December 9th. This represents a $6.00 dividend on an annualized basis and a yield of 3.89%.

International Business Machines Corporation has raised its dividend by an average of 14.1% per year over the last three years and has increased its dividend annually for the last 17 consecutive years. International Business Machines Corporation has a payout ratio of 43.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect International Business Machines Corporation to earn $13.91 per share next year, which means the company should continue to be able to cover its $6.00 annual dividend with an expected future payout ratio of 43.1%.

International Business Machines Corporation (NYSE:IBM) traded down 0.41% during trading on Tuesday, reaching $153.73. 1,509,553 shares of the company’s stock were exchanged. The company has a market cap of $142.88 billion, a P/E ratio of 12.82 and a beta of 0.95. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The stock’s 50-day moving average is $148.84 and its 200-day moving average is $150.32.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $3.29 earnings per share. Analysts predict that International Business Machines Corporation will post $13.80 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on IBM shares. Drexel Hamilton reiterated a “buy” rating and set a $200.00 price objective on shares of International Business Machines Corporation in a research report on Tuesday, July 18th. Standpoint Research upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Vetr upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 price objective on the stock in a research report on Monday, July 10th. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a research report on Friday, July 21st. Finally, Argus reiterated a “buy” rating and set a $175.00 price objective (down previously from $192.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $158.90.

Several hedge funds have recently added to or reduced their stakes in IBM. ETF Managers Group LLC bought a new stake in shares of International Business Machines Corporation in the second quarter valued at about $121,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of International Business Machines Corporation in the second quarter valued at about $194,000. Koch Industries Inc. raised its holdings in shares of International Business Machines Corporation by 9,531.0% in the second quarter. Koch Industries Inc. now owns 207,163 shares of the technology company’s stock valued at $206,000 after acquiring an additional 205,012 shares in the last quarter. ETRADE Capital Management LLC bought a new stake in shares of International Business Machines Corporation in the second quarter valued at about $207,000. Finally, Hugh Johnson Advisors LLC raised its holdings in shares of International Business Machines Corporation by 0.9% in the second quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock valued at $216,000 after acquiring an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 57.88% of the company’s stock.

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International Business Machines Corporation Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Dividend History for International Business Machines Corporation (NYSE:IBM)

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